Mitsubishi Motors follows Nissan in ousting chairman Carlos Ghosn

Carlos Ghosn

Mitsubishi Motors has followed Nissan in removing Carlos Ghosn as its chairman.

The Japanese carmaker's board of directors voted on Monday to oust the auto industry legend, who was arrested in Tokyo last week on suspicion of financial misconduct while serving as chairman of Nissan.

The decision is the latest blow to an alliance Ghosn built between Mitsubishi, Nissan and France's Renault.

In a statement to the Tokyo stock exchange, Mitsubishi said that the decision by its board was unanimous. It has appointed CEO Osamu Masuko as interim chairman.

The move by Mitsubishi ends Ghosn's reign at the helm of two of Japan's major carmakers. Nissan on Thursday also voted unanimously to remove Ghosn, and another director, Greg Kelly, from their posts.

Ghosn retains his positions as CEO and chairman of Renault, but the French carmaker has asked other people to perform those roles on an interim basis.

If found guilty, they too will sack him.

Can hear all the people he laid off cheering?